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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Exact name of registrant as specified in its charter; Commission State of Incorporation; IRS Employer File Number Address and Telephone Num ber Iden ...

Ameren Corporation (NYSE:AEE) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Andrew Kirk – Director-Investor Relations and Corporate Modeling Marty Lyons – Chairman, President and Chief Executive Officer Michael Moehn – Senior Executive Vice President and Chief Financial Officer Shawn Schukar – Chairman and President, Ameren Transmission Company of Illinois Conference Call Participants Shar Pourreza – Guggenheim Partners Jeremy Tonet – JP Morgan Chase Carly Davenport – Goldman ...

Exhibit 99.1 NEWS RELEASE 1901 Chouteau Avenue: St. Louis, MO 63103: Ameren.com Contacts: Media Analysts Anthony Paraino Andrew Kirk 314.554.2182 314.554.3942 aparaino@ameren.com akirk@ameren.com For Immediate Release Ameren Announces First Quarter 2024 Results • First quarter Diluted Earnings Per Share were $0.98 in 2024 vs. $1.00 in 2023 • Guidance Range for 2024 Affirmed at $4.52 to $4.72 per Diluted Share ST. LOUIS (May 2, 2024) — Ameren Corporation (NYSE: AEE) today announced first quarter 2024 net inc ...

Core Insights - Ameren Corporation reported a diluted earnings per share of $0.98 for Q1 2024, a slight decrease from $1.00 in Q1 2023, with net income attributable to common shareholders at $261 million compared to $264 million in the previous year [1][2][3] - The company affirmed its earnings guidance for 2024, projecting a range of $4.52 to $4.72 per diluted share, assuming normal temperatures for the remaining months of the year [4] Financial Performance - Q1 2024 results were influenced by increased infrastructure investments and new service rates in both Ameren Illinois and Ameren Missouri, although these were partially offset by higher operational expenses and milder winter temperatures [2][4] - Ameren Missouri's earnings decreased to $25 million in Q1 2024 from $28 million in Q1 2023, while Ameren Illinois Electric Distribution earnings fell from $61 million to $56 million in the same period [4][5] - Conversely, Ameren Illinois Natural Gas segment saw an increase in earnings from $87 million in Q1 2023 to $106 million in Q1 2024, attributed to new delivery service rates [5] Operational Highlights - The company emphasized strong operational performance and strategic investments in infrastructure and grid technology, aiming for reliable and cleaner energy delivery [3] - Ameren's total operating revenues for Q1 2024 were reported at $1.816 billion, down from $2.062 billion in Q1 2023, with electric revenues decreasing from $1.590 billion to $1.364 billion [13][19] - Operating expenses decreased to $1.445 billion in Q1 2024 from $1.711 billion in Q1 2023, primarily due to lower fuel and purchased power costs [13] Cash Flow and Capital Expenditures - Net cash provided by operating activities was $492 million in Q1 2024, slightly down from $496 million in Q1 2023 [17] - Capital expenditures for Q1 2024 were $890 million, compared to $931 million in the same period last year, indicating a focus on managing investment costs [17] Shareholder Information - The weighted-average common shares outstanding increased to 266.4 million in Q1 2024 from 262.2 million in Q1 2023, impacting earnings per share calculations [12][18] - The company remains committed to disciplined cost management, expecting to achieve significant reductions in operations and maintenance expenses in the latter half of the year [3]

Core Viewpoint - Ameren Corporation (AEE) is expected to report its first-quarter 2024 results on May 2, following a previous quarter with a negative earnings surprise of 1.64%, but has a four-quarter average earnings surprise of 6% [1] Factors at Play - The service territories of Ameren Corporation experienced mixed weather patterns, with warmer-than-normal temperatures later in the quarter and below-normal temperatures at the start, likely leading to a moderate impact on overall revenue [2] - Adverse weather events, including winter storms and tornadoes, may have caused outages for some customers, potentially negatively affecting revenues [2] - Favorable rate base growth from prior quarters is expected to support first-quarter sales, with the Zacks Consensus Estimate for sales at $2.20 billion, indicating a 6.8% increase year-over-year [2] - Positive returns from infrastructure investments, new electric service rates effective from July 2023, and customer growth are projected to enhance the bottom line, although higher interest expenses may negatively impact earnings [3] - The Zacks Consensus Estimate for first-quarter earnings is $1.09 per share, reflecting a 9% increase from the same quarter in 2023 [3] Earnings Prediction - The earnings model indicates a potential earnings beat for AEE, supported by a positive Earnings ESP of +0.30% and a Zacks Rank of 3 (Hold) [4] Other Stocks to Consider - The AES Corporation (AES) is also set to report on May 2, with an Earnings ESP of +6.67% and a Zacks Rank of 3, expecting earnings of 30 cents per share, a 36.4% improvement year-over-year [5] - Eversource Energy (ES) will report before market open on May 2, with an Earnings ESP of +2.76% and a Zacks Rank of 2, estimating earnings of $1.45 per share, a 2.8% increase from the previous year [6] - Clean Energy Fuels (CLNE) is expected to report on May 9, with an Earnings ESP of +6.25% and a Zacks Rank of 3, estimating a loss of 3 cents per share, an improvement from a loss of 7 cents in the prior year [6]

Per the latest Earnings Preview, the Zacks Utilities sector’s first-quarter 2024 earnings are expected to be up 4.4% on 1.3% higher revenues. The capital-intensive utility stocks benefited from new electric, natural gas and water rates and proper management of operating costs. Further, customer growth aided the utilities.With the assistance of the Zacks Stock Screener, we have identified four utilities, namely Eversource Energy (ES) , Ameren Corporation (AEE) , The AES Corporation (AES) and NiSource Inc. (N ...

Core Insights - Ameren (AEE) is projected to report quarterly earnings of $1.09 per share, a 9% increase year-over-year, with revenues expected to reach $2.2 billion, reflecting a 6.8% year-over-year growth [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been adjusted upward by 0.4% over the past 30 days, indicating a reassessment by analysts [1] - Analysts predict 'Operating Revenues- Natural gas' will be $494.87 million, showing a year-over-year increase of 4.8% [2] - 'Operating Revenues- Electric' is expected to be $1.62 billion, representing a 2% year-over-year change [2] - 'Electric Sales - Ameren Total' is estimated at 16,646.37 GWh, down from 16,865 GWh reported in the same quarter last year [2] Group 2: Operating Income and Market Performance - The consensus estimate for 'Operating Income- Ameren Missouri' is $122.31 million, significantly higher than the $60 million reported a year ago [3] - Ameren shares have increased by 1.5% over the past month, contrasting with a -2.5% change in the Zacks S&P 500 composite [3] - Ameren holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [3]

PPL Corporation (PPL) is scheduled to release first-quarter 2024 results on May 1, before market open. The company delivered an earnings surprise of 5.3% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderPPL’s first-quarter earnings are likely to have gained from increased transmission investment and ongoing savings of operation and maintenance through its centralization efforts and asset optimization.However, during t ...

ST. LOUIS, April 10, 2024 /PRNewswire/ -- Martin J. Lyons Jr., chairman, president and CEO of Ameren Corp. (NYSE: AEE), and Michael L. Moehn, senior executive vice president and CFO of Ameren Corp., will discuss first quarter 2024 earnings, earnings guidance and other matters in a conference call with financial analysts at 9 a.m. Central Time (10 a.m. Eastern Time) on Friday, May 3.  The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted in ...